Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
Month: June 2020
Jeffrey Ubben, CEO of ValueAct Capital Partners Ann Johansson | Corbis | Getty Images On paper, this trade has already been a home run for Jeff Ubben and ValueAct, turning $154 million of its investors’ money into $1.46 billion in possibly the best example so far in the new stakeholder era that mitigating issues associated
Ireland’s parliament has elected a new prime minister, installing Fianna Fáil leader Micheál Martin at the helm of a grand coalition with the party’s historic rival Fine Gael. The centrist party leader succeeds Leo Varadkar of the centre-right Fine Gael, who becomes deputy premier in a three-way deal with the Greens that ended months of
The number of new daily coronavirus cases hit records in several US states on Saturday, as officials started closing venues they had recently reopened and workers demanded new safety protections. Florida’s cases increased by 9,636 to 132,545, the state’s health department said Saturday. The state, the third-largest in the US, reported 8,942 new cases on
TOPLINE With Joe Biden surging in the polls, Wall Street executives are preparing for a potential scenario where he becomes president—with some firms warning clients the stock market could take a hit. As Biden surges in the polls, Wall Street grows more concerned about a likely corporate tax hike. Joshua Roberts/Getty Images KEY FACTS The
Industrial metal prices have seen an impressive recovery in recent weeks. Silver has erased its loss for the year, and copper is looking to recoup the bulk of the declines it suffered during the peak of the coronavirus pandemic’s toll on the global economy. The drop in global mining production from the shutdowns helped buoy
When you’re guaranteed to lose money, you don’t have a savings account. You have a dwindling account, but GOLD is one of several assets that… by Simon Black of Sovereign Man On April 5, 1933 everyone’s favorite fascist, President Franklin D. Roosevelt, signed an executive order which outlawed the private ownership of gold. To justify
Over the last few years, I gained over $12 million dollars investing in cryptocurrencies. I did not take a single profit until they maxed out at a hundredfold at the very peak of the market in December 2017. The timing was perfect, I nailed it. However, I only took a small percentage of those gains
It won’t feel like a short holiday week, as issuers expect to sell more than $7 billion of notes and bonds as the quarter and first half come to an end. IHS Ipreo estimates the June 29th week’s calendar at $7.2 billion, consisting of $6.8 billion of negotiated deals and $450 million of competitive sales.
Bruce W. McNeilage, CEO Kinloch Partners. Getty With over 40 million people applying for unemployment benefits since March, it is clear that the Covid-19 pandemic is having a significant ripple effect on the economy. One of the main sectors impacted appears to be new home construction. Consider these statistics: • U.S. housing starts dropped by 22.3%
Here are a few points about why “cyberspace,” or a computer-mediated network, is more hospitable than physical locations for the kind of “crypto-anarchy” libertarian system I’ve been describing. Several folks have commented recently about ocean-going libertarian havens, supertankers used as data havens, and so forth. In the 1970s, especially, there were several unsuccessful attempts to
Most new businesses start out as sole proprietorships. This is the simplest form of ownership for a sole owner and requires little more than a tax ID number. However, when there are concerns over taxation or liability issues, or when the business has multiple owners, other organization types should be considered. Which organization type is
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
A compensation fund for California wildfire victims will be worth much less than the $13.5bn originally agreed after modest demand for new shares pushed down the equity value of PG&E, the bankrupt utility whose equipment was deemed responsible for the fires. The San Francisco company is expected to emerge from bankruptcy in the coming week,
The Mist Ragnar Jónasson, translated by Victoria Cribb, Michael Joseph, RRP£14.99 Wrap up warmly for this invigorating Iceland-set slice of Nordic noir from Jónasson. Obstinate Detective Hulda is pushed to the edge, struggling with problems both personal and professional as she tackles two difficult cases. The reverse storytelling here is dispatched adroitly, completing a trilogy
Refinitiv is continuing its march into the wealth management industry, combining its market data with recent acquisitions to offer what it calls the “Holy Grail” of advisor technology. The firm has launched a suite of digital tools for wealth management firms to develop new technology using its data, news and analytics capabilities. Though Refinitiv is
Do you believe Donald Trump is a “prudent man” capable of rationally, intelligently managing your … [+] pension, your 401k and your health care? Like it or not, he’s making unprecedented decisions that undermine the financial security and health of Americans. Getty Regardless of whether you love or hate him, do you believe Donald Trump
New Delhi: Gold and silver domestic spot prices recorded an increase on Friday. In the country’s capital Delhi, the price of gold has increased by Rs 239 per 10 grams on Friday. With this boom, the price of gold in Delhi has reached Rs 49,058 per 10 grams. According to HDFC Securities, the rise in
People walk by a Nike store in New York. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the fourth quarter as sales slumped 38% year-over-year. Nike lost 51 cents per share, compared with
On June 26, Judge Kevin Castel signed the final judgment in the SEC v. Telegram case, which will require Telegram pay back $1.2 billion to investors in their ICO for the failed Telegram Open Network. Cointelegraph reported on the final judgment proposed yesterday. What has changed is the approval of the court, putting an end
The LKS Foundation is an Italian non-profit foundation that aims to promote initiatives that use the principle of sharing information through blockchain technology and spread the culture of fintech to innovate in sectors such as crowdfunding, ICO, and decentralized finance technologies. The Foundation’s President, Federico Olivo, is chairman and co-founder at Vistra SRL, a company
Ground leases can provide great investment opportunities for people who want to deploy capital in real estate while never having to think about property management. The investor becomes the landlord under a long-term lease, often lasting 99 years. The tenant pays every conceivable cost related to the property and handles all management, and signs leases
Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
Still working to close a COVID-19 pandemic driven fiscal 2021 budget hole, Illinois’ largest county is projecting a $410 million gap heading into the next budget with tax hikes, job cuts, furloughs, reserve use and pension contributions all on the table to fill it. Cook County’s fiscal 2021 budget projection released Friday warns of a
The Kroger Co. (KR) beat earnings per share (EPS) estimates on June 18, but the stock dropped to a test of its quarterly value level at $30.81. The stock then rebounded to $33.43 on June 25 and today is holding its monthly pivot for June at $32.65. The major supermarket chain is above a golden
Blackstone has skipped a payment on a $274m hotel loan, joining the ranks of leading real estate investors that have fallen behind on debt during the coronavirus crisis. The debt is secured on four hotels in Chicago, Philadelphia, Boston and San Francisco, which the US private equity group acquired in 2016 from Club Quarters, a
Philippine regulators said they are investigating the local partner businesses of Wirecard in a probe that may finally map out the full extent of the south-east Asian country’s exposure to one of Europe’s worst accounting scandals. The investigation by the country’s National Bureau of Investigation and Anti-Money Laundering Council comes after the dramatic collapse of
By Sarah McKinney Gibson, Next Avenue Contributor John Frick and students Courtesy of John Frick While the pandemic has put in-person mentoring on indefinite hold, a growing number of older adults are finding virtual ways to make and broaden meaningful intergenerational connections. Here are five of their stories: Ervan Caesar: Mentoring Teens in the Youth
Q1 2020 Fortuna Silver Mines Inc Earnings Call Vancouver Jun 26, 2020 (Thomson StreetEvents) — Edited Transcript of Fortuna Silver Mines Inc earnings conference call or presentation Friday, May 15, 2020 at 4:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Carlos Baca Fortuna Silver Mines Inc. – IR Manager * Jorge A.
The same time as we see the largest support plan since WWII, we are witnessing two dangerous collateral effects: the rise of zombie companies and the collapse of… by Daniel Lacalle via Mises Despite massive government and central bank stimuli, the global economy is seeing a concerning rise in defaults and delinquencies. The main central
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